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Required information [The following information applies to the questions displayed below) Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used in March) $ 28,000 $ 43,000 Direct labor used (in March) 22,000 19,000 Overhead applied (March) 11,080 9,500 Costs during April Direct materials used 134,000 205,000 $ 110,000 Direct labor used 102,000 152,000 101,000 Overhead applied Finished Finished Status on April 30 In process (sold) (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $89,000. b. Raw materials purchases in April are $530,000, and total factory payroll cost in April is $377,000. c. Actual overhead costs incurred in April are Indirect materials, $55,000; Indirect labor, $22,000; factory rent. $37.000, factory utilities, $25,000, and factory equipment depreciation, $62,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $690,000 cash in April. 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30